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ខ្មែរ 
Deputy PM Assures No Adverse Impact on Vietnam as Cambodia Forecasts Canal Project to Save Nearly US$600m
- 6 May 2024
The volume of water diverted by the Funan Techo canal relative to the overall flow of the Mekong River is negligible, ensuring no adverse effects on Cambodia's environment and neighbouring regions, including Vietnam. This affirmation comes from HE Sun Chanthol, Deputy Prime Minister and Deputy PM and First President of the Council for the Development of Cambodia in an exclusive interview with CNBC...
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Angkor Ticket Sales Propel Cambodia’s Tourism Revenue to New Heights With US$19.9m Revenue in 4 Months
- 6 May 2024
Ticket sales for Angkor Wat have generated an impressive revenue of US$19,917,533 in the first four months of 2024. This substantial income surge, marking a 41.95% increase compared to the same period in 2023, underscores the enduring allure of Angkor Wat as a premier tourist destination. The report, released by the Angkor Institute on 1 May 2024, reveals a remarkable uptick in revenue generati...
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Progress Update: NR No. 31 Rehabilitation Connecting Bek Kus to Kampong Trach Nears 80% Completion
- 5 May 2024
The rehabilitation and enhancement of NR No. 31, spanning over 53 kilometres from Bek Kus to Kampong Trach district, has achieved an impressive milestone, nearing completion at almost 80%. As of 25 April 2024, the project has reached 78.43% completion, well on track to meet the stringent quality standards outlined in the contract. This progress was confirmed by HE Khan Maner, Secretary of State an...
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Thai Gov’t Raises Threshold for Reduced Transaction Fees on Property Priced from US$90k to US$258k
- 5 May 2024
The Thai government has unveiled a series of initiatives aimed at revitalising the country's real estate sector. Among these measures is the approval by the Thai cabinet to increase the minimum tax rate on home and condominium transactions to 7 million baht, approximately US$209,000, as reported in a government statement released on Tuesday 9 April 2024, and updated by Businesstimes. Previously...
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Cambodian Government Implements Artificial Rain Initiative to Combat Heat in Public Schools
- 4 May 2024
In response to the scorching temperatures posing a threat to students' education, the Cambodian government has directed local authorities to initiate artificial rain setups in public schools. This proactive measure aims to alleviate the adverse effects of the current hot and dry weather on students' learning environments. The police of Koh Kong and Mondul Seima districts swiftly commenced opera...
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Cambodia Attracts Nearly US$20bn in Industrial Investments in Q1-2024
- 4 May 2024
In a remarkable surge of industrial investment, Cambodia has secured close to US$20 billion in industry-related investments during the first quarter of 2024, marking a substantial increase of 13.55% compared to the same period in 2023. This significant milestone was announced by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, during the official inauguration of the Toyota ...
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Within the Next Few Years, Cambodia Aims for Digitized Real Estate Registration in Just Two Hours
- 3 May 2024
Thanks to the expertise of professional officials and technological advancements, in the next few years real estate registration in Cambodia, could soon be completed digitally within a mere two hours. This revolutionary move aims to streamline processes and boost efficiency in the country's real estate sector. This groundbreaking vision was disclosed by HE Leang Monirith, Secretary of State of the...
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SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023
- 3 May 2024
Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province's robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board of Governors, during a sem...
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Toyota Unveils US$36m Assembly Plant in Phnom Penh SEZ
- 2 May 2024
In a significant boost to Cambodia's automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country's manufacturing capabilities. The Toyota Assembly Plant, a venture between TOYOTA TSUSHO ...
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SHV Port Marks Remarkable Growth with 240K TEUs of Containers, a 23% Increase in Container Traffic in Q1 2024
- 2 May 2024
In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by HE Peng Po Nea, Minister of Public Works and Transport, during a meeting on the occ...
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Cambodia Sets Stage for Electric Vehicle Revolution with New Draft EV Policy 2024-2030
- 1 May 2024
In a groundbreaking move poised to reshape Cambodia's economic and social landscape, the Ministry of Economy and Finance (MEF) unveiled a comprehensive draft policy on the development of the electric vehicle (EV) sector for the period 2024-2030. Announced in a press release dated 24 April 2024, this initiative marks a significant step towards integrating technology and innovation into the nation's...
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Phnom Penh Unveils ASEAN-International Business Centre: A New Era for Vegetable Wholesale Market
- 1 May 2024
Marking a significant milestone in the agricultural and real estate sectors of Cambodia, the ASEAN-International Business Centre, also known as Phsar Doeum Kor Thmey, commenced operations on 27 April 2024. Situated in Sangkat Kork Roka, Khan Prek Pnov, this expansive 20-hectare development on Boeung Ta Mok land is now the largest international vegetable wholesale market in Phnom Penh. The grand...
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